Dacashe Group LLC Acquires Industrial Property From Medina Baking In Miami For $1.4M

Dacashe Group LLC acquired a 5,040-SF industrial flex property at 1996 Northwest 22nd Street in Miami. The purchase price for the asset was $1,400,000, translating to a price per square foot of $278. The property covers 0.16 acres and is zoned D2. The asset was built in 1966.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $1,400,000
• Buyer: Dacashe Group LLC
• Seller: Medina Baking & Powder Products Inc
• Broker: Annie Trachtenberg - Devtrac Properties
• Lender: Nexos Invest
• Loan Amount: $877,500

The transaction was facilitated by broker Annie Trachtenberg representing Devtrac Properties. The deal was financed through a loan provided by Nexos Invest. This transfer highlights the active industrial market in Miami.